In the Polar Decomposition section in Nielsen and Chuang (page 78 in the 2002 edition), there is a claim that any matrix $A$ will have a decomposition $UJ$ where $J$ is positive and is equal to $\sqrt{A^\dagger A}$.
To me, it looks like the reason the $\sqrt{A^\dagger A}$ has been chosen as the positive matrix is because its null space is the same as A, and on the other vectors, it's action is the same as A upto a unitary, which is the unitary we multiply be to finally get $A = UJ$.
But what is the need to take $\sqrt{A^\dagger A}$ ? Won't $A^\dagger A$ do the same job?
The point is that $U$ is supposed to be unitary, which means it preserves lengths. For any vector $v$, $\|\sqrt{A^\dagger A} v\| = \|A v\|$. That would not be true of $A^\dagger A v$. For one thing, it scales wrong.